Mumbai Is No Longer Asia's Billionaire Capital; Loses Place To Shanghai: Hurun Global Report
Shanghai has become Asia's Billionaire capital, surpassing Mumbai by 92 billionaires. India ranks third with 284 billionaires, while the US leads globally with 870, and China follows with 823.
Mumbai Is No Longer Asia's Billionaire Capital; Loses Place To Shanghai: Hurun Global Report | File
Mumbai: Recent reports from Hurun Global indicate that Shanghai has claimed the title of Asia's Billionaire capital after overtaking Mumbai on the Billionaires list for the first time. Information published by Hurun Global shows that Shanghai has surpassed Mumbai by 92 billionaires. Mumbai now has 90, reduced by two.
India holds the third spot with 284 billionaires; for the first time in ten years, the United States tops the global list with 870 individuals, while China is not far behind with 823. The report indicates that 175 Indian billionaires experienced a rise in their wealth, whereas 109 either encountered losses or stayed the same.
Previous Hurun Report
Cities with most billionaires according to Hurun Global's 2024 report were: New York - 119 London - 97 Mumbai - 92 Beijing - 91 Shanghai - 87 Shenzhen - 84 Hong Kong - 65 Moscow - 59 New Delhi - 57.
Mumbai stood third after New York and London, overtalking Beijing last year, while Shenghai stood at fifth position according to Hurun Global's 2024 report of most billionaires.
India's Top 10 Billionaires List
1 Mukesh Ambani & family- ₹8.6 Lakh Crore, Mumbai
2 Gautam Adani & family- ₹8.4 Lakh Crore, Ahmedabad
3 Roshni Nadar & family- ₹3.5 Lakh Crore, New Delhi
4 Dilip Shanghvi & family- ₹2.5 Lakh Crore, Mumbai
5 Azim Premji & family- ₹2.2 Lakh Crore, Bengaluru
6 Kumar Mangalam Birla & family- ₹2.0 Lakh Crore, Mumbai
6 Cyrus S Poonawalla & family- ₹2.0 Lakh Crore, Pune
8 Niraj Bajaj & family- ₹1.6 Lakh Crore, Mumbai
9 Ravi Jaipuria & family- ₹1.4 Lakh Crore, New Delhi
10 Radhakishan Damani & family ₹1.4 Lakh Crore, Mumbai
World's Top 10 Billionaires List
1. Elon Musk- $348.3 B (United States)
2. Jeff Bezos- $216.8 B (United States)
3. Mark Zuckerberg- $208.3 B (United States)
4. Larry Ellison- $182.0 B (United States)
5. Warren Buffett- $166.7 B (United States)
6. Bernard Arnault & family- $165.2 B (France)
7. Larry Page- $135.3 B (United States)
8. Sergey Brin- $129.6 B (United States)
9. Steve Ballmer- $117.4 B (United States)
10. Amancio Ortega- $115.4 B (Spain)
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